Animoca Brands Emerges as Top Validator on TON Blockchain
On November 28, 2023, the TON Foundation announced that Animoca Brands, a leading advocate for digital asset ownership in gaming and metaverses, had become the largest validator on The Open Network (TON) Blockchain. Animoca Brands has been pivotal in supporting third-party GameFi and gaming projects within the TON ecosystem, contributing to their expansion efforts.
Supported by Manuel Stotz from Kingsway Capital, this collaboration underscores Animoca Brands' commitment to the TON ecosystem. Prior to investing, Animoca Brands conducted extensive research, resulting in two research papers exploring TON Blockchain's potential to widely adopt cryptocurrency. Emphasized were user-friendly dApp applications on TON and the blockchain's scalability—key factors for community growth and TON Foundation's vision of integrating cryptocurrencies into user wallets.
To enhance public understanding of TON's metrics, Animoca Brands has developed a visual analytics dashboard displaying key growth figures.
The ongoing collaboration between TON and Animoca Brands aims to transition current Web2 users into exciting and visually appealing Web3 applications, showcasing strong market use case values. This commitment highlights the significance that both Animoca Brands and the TON Foundation place on facilitating seamless transitions from Web2 to Web3.
TON Play: Enabling Game Infrastructure on TON
TON Play is a gaming infrastructure project on TON, spearheaded by Animoca Brands. It provides the necessary infrastructure and solutions for game projects to launch directly on Telegram. Existing web games can seamlessly transition into Telegram through a web application and @playdeckbot.
This streamlined process, facilitated by the TON Play toolkit, ensures that blockchain-based game development is visually accessible to developers of all skill levels. By offering new and engaging projects directly to users via Telegram's active user base of over 800 million, TON Play supports the smooth launch of new game projects on TON. It also facilitates the direct migration of Animoca Brands' portfolio of over 400 Web3 projects into Telegram.
Justin Hyun, Development Director at TON Foundation, commented, "Animoca Brands' investment in the Open Network marks a significant step towards the next era of blockchain-based gaming."
"Our new analytics platform and in-depth research reports align with the TON Foundation's mission. Together, we will seamlessly integrate Web3 into Telegram's daily user experience, particularly in gaming, allowing a global audience to enjoy."
Yat Siu, Co-founder and CEO of Animoca Brands, remarked, "This strategic investment in TON is a crucial part of our broader commitment to supporting millions of next-generation Web3 users by enabling seamless transitions from Web2 to Web3. Our participation in network validation underscores our confidence in realizing TON's project vision as Web3 becomes a mainstream trend. We have seen significant growth potential in TON-based gaming and look forward to collaborating with other creative groups to build exciting games on TON."
In conclusion, Animoca Brands' role as the largest validator on TON Blockchain signifies a significant step towards mainstream adoption of blockchain technologies, particularly in gaming and digital asset ownership sectors. This collaboration aims to push boundaries and drive innovation in the blockchain gaming space, enhancing user engagement and accessibility across global platforms.
